Bitcoin is the world's first type of cryptocurrency. It is invented by Satoshi Nakamoto. Bitcoin has an extremely high market value of $272 billion. But the real question is that investing in bitcoin worth it?A lot of people are wondering if they still should invest in bitcoin, is it too late or there is a still fortune to be made.
What is Bitcoin (BTC) ?
The most popular type of virtual currency is known as Bitcoin and has steadily began to rise in popularity and strength over the years. Bitcoin can be stated as an investment, but it is very different from stocks. Rather it is a currency, a cryptocurrency which cannot be stolen, hacked or created. It is also a worldwide payment system. It was released as an open source software in 2009.
Let's take a look at the reasons to & not to invest in the cryptocurrency market.
Reasons to invest
If you are willing to spend your money as an investment, you should buy it. Bitcoin's value has increased significantly in past few years. In the mid-December of 2017, the cryptocurrency hit a record when it passed the $ 19,850 mark. Experts believe that in the near future Bitcoin could triple in value and it can be considered as a nice example of an asset. You cannot reverse your transactions or be forced to pay. You can also send money to a person anywhere in the world without any fees. But, you should do some research about the rise or fall in its value in the coming time if you are considering to invest in Bitcoin.
Be aware before investing
The value of bitcoin was at its peak in the September-December of 2017. But, in 2018 the value has some ups and downs. Also, investing in cryptocurrencies involves very high risk, as prices have been extremely volatile. And, remember that it is neither a commodity nor a currency. There are many alternatives of Bitcoin available like Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), Ripple (XRP) and much more. You should think about investing in any one of them.
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